Says ET....Another crack in the wall, weaking the economic base.
Only when the whole world is beginning to utter sighs of relief, Dubai makes sure we shiver and shit in our pants for a little more time.
If the world remembers the mixed reactions of CEOs and CFOs world wide, I remember the one and only comment of 'The God' Paul Krugman, I see a double dip and least said that IS happening.
I would like to call it the Drop-Sprinkle Effect(self prophecy)
If water is released through a hose on a point, the water sprinkles all over. With globalization and sub prime crisis taking its toll, Dubai does not come as a surprise.
Why is it happening? Wait for dubai to come out of their for-sometime-now-busy-phonelines and confess it.
Least Unexpected, Highly Effective. Another Black Swan.
HOW MANY MORE to come? Not sure